Bitcoin $100000 – Nassim Nicholas Taleb Famous Prediction

Economic crises 2008 predicted and was told to the world by one of the world’s known expert Nassim Nicholas Taleb, is a Lebanese-American essayist, statistician, scholar, risk analyst and former trader, whose work of forces was on problems of probability, and uncertainty and randomness, He said that bitcoin value can reach $100000, and shorting of bitcoin at the current situation is not properly possible. Taleb thinks that the bitcoin bubble is not going to be small and there is no chance of small bubble.

Who is nassim Nicholas taleb?

Taleb is also known for his “black swan events” predictor, black swan events are those events which take place suddenly and the effect is very huge and at large, many people in the world believe in the thoughts of taleb and believe him for his theory. Because apart from predicting economic crises 2008, he has also predicated the Americans 2016 US presidential election and the outcome of Brexit vote.
Taleb in his twitter account said, "No, there is NO way to properly short the bitcoin "bubble". Any strategy that doesn't entail options is non ergodic (subjected to blowup). Just as one couldn't rule out 5K, then 10K, one can't rule out 100K." taleb has 2.28 lakh followers.
In another tweet, he said, "Note that Bitcoin has a limited number of natural sellers. The entire concept is very concave supply (it costs more and more to extract). The number of producers shrinks with time."

Current Scenario

Bitcoin the wolf of Crypto Street is trading at $16545 down 1.76% and with the current market capital of around $ 50 Billion with dominance of 54.5%. the Chicago Board Options Exchange (CBOE) launched bitcoin futures to trading on Sunday but have to stop the trading as the price of bitcoin went to 26% up and the price touches the high of $19000, at the first launch of CBOE the website crash on the few hours due to heavy load of traffic on the website soon the website is resumed for trading and BTC launched.

Bitcoin in India.

Monday there was news that government is planning to form a committee on bitcoin and how to regulate it. Meanwhile reserve bank of India (RBI) again warns the investors about the bubble of bitcoin and told investors to be cautious. RBI is concern about the price of bitcoin is increasing day by day so many new investors are attracted to it. Central banks are in deep concern if it will not be regulated this will affect the economic and fait currency demand in the future.
On 14 Dec 2017 the income tax department of India has raid several exchanges of bitcoin in India, in which total 9 exchanges across the country raid cities including Delhi, Pune, Bengaluru, Hyderabad and Kochi. The survey conducted under Section 133A of the Income Tax Act, report says that their about 25 lack investor in India who have invested in bitcoin and are currently increasing day by day. All the popular bitcoin exchanges including zebpay,coinsecure etc are there in the survey.

My Blog : http://cryptocoinxchange.blogspot.in/

Disclaimer: The information provided is individual knowledge and does not means to harm the company reputation and market value and does not means investment advice or tips, Investment is subjected to market risk and your own risk please do your own research and due diligence before investing. cryptocoinxchange will not be responsible for any loss.

Image: cboe.com,coinmarketcap.com

If You Like The Article.
Upvote
Resteem
Follow